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Cision Canada
05-05-2025
- Business
- Cision Canada
Zhone Technologies Announces Acquisition of DZS Assets
Launches as a global provider of Fiber Optic Broadband Solutions and Cloud Software Services PLANO, Texas, May 5, 2025 /CNW/ - Zhone Technologies, Inc. ("Zhone" or the "Company") today announced the successful closing of its acquisition (the "Transaction") of substantially all of the assets of DZS Inc., DZS Services Inc. and DZS California Inc. (collectively, " DZS"), including all technology, intellectual property, lab facilities, IT systems, and certain customer and supplier contracts (the " DZS Assets") pursuant to an Asset Purchase Agreement dated as of April 22, 2025 among Zhone and the duly appointed trustee of the DZS Assets (the " Trustee"). The Transaction was completed on May 1, 2025, following the approval and entry of an order by the United States Bankruptcy Court for the Eastern District of Texas approving the sale of the DZS Assets to Zhone. Clayton Zekelman, the Chairman and Chief Executive Officer of Zhone stated, "We are very excited to complete this strategic acquisition and we look forward to working collaboratively with all of the stakeholders of Zhone moving forward." Mr. Zekelman added, "Our team has worked tirelessly within the United States Bankruptcy Court proceedings to reestablish and renew forward-looking partnerships with key third-party development (ODM) and contract manufacturers. These relationships are critical to securing vital silicon chip technology, manufacturing, IT systems, and globally established facilities that will support Zhone's long-term growth." As part of the Transaction, Zhone also exercised its option to acquire all of the issued and outstanding shares of four international subsidiaries of DZS, specifically DZS International Inc., DZS Canada Inc., DZS Solutions India Private Limited, and NetComm Wireless Pty Ltd. (" NetComm") and is separately acquiring the assets of , NetComm pursuant to a separate administration proceedings in Australia (collectively, the " DZS International Subsidiaries"). The acquisition of the former DZS International Subsidiaries aligns with Zhone's broader strategic objective to acquire substantially all of the former DZS assets worldwide. The completion of these international transactions will not only facilitate reengagement of former DZS employees, but will also bolster Zhone's market-leading portfolio to include Fiber Extension Distribution Point Unit (DPU) solutions, Fixed Wireless Access (FWA) solutions, and next-generation WiFi Gateway and Access Point CPE solutions. The acquisition of the DZS Assets and the DZS International Subsidiaries by Zhone, which was first announced via a letter of intent on April 7, 2025 by an affiliate of Zhone, positions the Company as a strong and financially stable global player in the fiber optic broadband industry. Zhone is now poised to leverage the leading technologies and innovations associated with DZS's Velocity TM Optical Line Terminal Systems (OLT), Saber TM Optical DWDM Transport & ROADM Systems, Helix TM Optical Network Terminals (ONT), WiFi Gateways (CPE) and Access Points (AP) as well as Zhone Xtreme TM Cloud Management, Automation and Orchestration Software portfolio. The Company will be headquartered in Plano, Texas, and is committed to maintaining continuity of service for its valued customers, while focusing on the integration and advancement of key technology platforms. Additionally, the Company is actively working to rehire many of the current and former employees of DZS, ensuring that the talent and expertise of the predecessor organization is preserved and further expanded within Zhone . Zhone's focused mission over the immediate term will be to execute and deliver by restoring its technical support services (Zhone Customer Care & Success Programs) to its well-established 25+ year customer base. A key priority will also be to reestablish supply chain operations in order to fulfill purchase order backlog and resume shipments to highly valued customers and channel partners who have remained committed and patient throughout the sale process for the DZS Assets. Following the successful execution of these initial priorities, Zhone will shift toward expansion and embracing new customers and forming strategic partnerships driven by continued innovation and solutions advancement. Zhone's strategic vision is centered on innovation, execution, and the continued development of cutting-edge products and services for the global fiber broadband market. Advisors Bennett Jones LLP and Dykema Gossett PLLC acted as counsel to Zhone Technologies, Inc.. Singer and Levick, P.C. acted as general counsel to the duly appointed Trustee, Grable Martin PLLC acted as special counsel to the Trustee for the Transaction, and Charlie Vogt of Normandy Lane LLC consulting and advisory services, and former CEO of DZS, acted as special consultant to the Trustee for the Transaction. About Zhone Technologies, Inc. Zhone Technologies, Inc. is a leading global provider of fiber optic broadband solutions and cloud software services. Zhone Technologies, Inc. aims to accelerate the growth of the FTTx and cloud software markets by leveraging over 25 years of technology innovation. The Company is headquartered in Plano, Texas, and serves a global customer base with a focus on innovative, high-performance solutions. The shareholder base of the Company brings with it over 25 years of experience in the international telecom industry and other leading industries, operational expertise, financial stability and a continued track record for advancing innovation. SOURCE Zhone Technologies, Inc.
Yahoo
06-02-2025
- Business
- Yahoo
Airties and Qualcomm to Showcase Converged Broadband Experience Management Platform for 5G Fixed Wireless Operators at Mobile World Congress
Airties Cloud now shows visibility of 5G FWA link performance providing unified view of QoE across WAN and LAN networks using Qualcomm® 5G Fixed Wireless Access Platforms Enables FWA operators to observe, diagnose, and fix connectivity issues automatically or through actionable recommendations for 5G broadband home gateways and extenders New capability available in Q2 to be demonstrated at Mobile World Congress 2025 PARIS, Feb. 6, 2025 /PRNewswire/ -- Airties, a global leader of AI-driven software that improves the home connectivity experience for ISPs, today announced that it will showcase its converged broadband experience platform for Fixed Wireless Access (FWA) operators using Qualcomm® 5G Fixed Wireless Access Platforms at Mobile World Congress 2025. This new capability builds upon the recent collaboration previously announced between the two companies, and enables FWA operators to observe, diagnose, and fix their subscribers' home connectivity issues automatically, or through actionable recommendations, across local (LAN) and wide-area wireless networks (WAN). Broadband service providers rely upon Airties' software for the ongoing optimization of their customers' broadband experience to help reduce churn, attract new customers, lower operating costs, and innovate in new ways. Airties' broadband experience platform includes Airties Edge; Airties Cloud; Airties Vision App; and Airties Orbit. In addition to home Wi-Fi, Airties Cloud can now provide WAN performance data and insights for FWA operators to determine whether they should take corrective actions for 5G CPE, such as frequency band changes, bandwidth provisioning, or switching base stations. This new capability will be commercially available in Q2 2025, as part of an ongoing collaboration between Airties and Qualcomm Technologies, Inc. "Fixed wireless operators have been seeking the means to have a unified view into the home broadband experience of their customers, across their local and wide area networks, and that is precisely what we are now showcasing with Qualcomm Technologies," said Metin Taskin, founder and CEO of Airties. "Customers using our broadband experience platform can now measure and manage end-to-end performance quality across 5G and home Wi-Fi within Airties Cloud. We look forward to demonstrating this enhanced capability with Qualcomm at Mobile World Congress and offering it to FWA service providers around the globe in the weeks ahead." "Ensuring a consistent and high-quality broadband experience for end-users is a top priority for all FWA carriers, and our collaboration with software innovators like Airties highlights the advanced managed network capabilities and optimizations Qualcomm 5G Fixed Wireless Access Platforms can help achieve," said Gautam Sheoran, Vice President and General Manager, Wireless Broadband & Communications at Qualcomm Technologies, Inc. "This collaboration represents a significant advancement in providing operators with the tools necessary to ensure seamless connectivity and high performance across both WAN and LAN networks." Airties' AI-driven connectivity experience platform helps ISPs observe, diagnose and fix in-home connectivity issues automatically or through actionable recommendations. By personalizing the customer experience and optimizing home connectivity, it is designed to help improve customer satisfaction and NPS scores. Airties' data-driven insights, across devices and applications, help ISPs improve performance quality, market effectively, and deliver a premium managed broadband experience to consumers. Key software solutions include: Airties Edge software for gateways/routers/extenders intelligently directs consumers' devices (laptops, tablets, phones, game consoles, IoT, smart home devices, etc.) to the best available Wi-Fi access point and frequency band based on real-time network conditions; manages Mesh networking; optimizes QoS; and delivers critical data to Airties Cloud; Airties Cloud helps ISPs observe, diagnose, and fix in-home connectivity issues automatically or through actionable recommendations; delivers insights on connected devices and application performance; and provides APIs to support operators' CRM systems, customer facing support apps, and Airties Vision App; Airties Vision, a white-label companion app, empowers homeowners to set-up and manage their home networks and set parent controls, prioritizations, guest access, and more; and, Airties Orbit, a continuous test automation platform for broadband service providers, customer premises equipment (CPE) manufacturers, and system-on-chip (SoC) manufacturers to support Wi-Fi integration efforts. Airties has received many prestigious industry awards for its innovations, including: "Best Home Wi-Fi Solution Award" from Broadband World Forum; "Best Wi-Fi Service Provider Solution" and "Best Home Wi-Fi Product" awards from Wi-Fi NOW; "Best Wi-Fi Innovation" and "Best-In Home Wi-Fi Network" awards from Wireless Broadband Alliance; "Best Broadband Customer Experience" from Cable & Satellite International; and numerous others. Additional information about Airties can be found at: Additional information about Qualcomm can be found at To learn more about Qualcomm 5G Fixed Wireless Access platforms, visit link. About Airties Airties is a global leader of AI-driven software solutions that improve the home connectivity experience for ISPs to help reduce churn, attract new customers, lower operating costs, and innovate. Leveraging insights from millions of managed homes, Airties provides industry-leading customer experience measurement and optimization for broadband service providers to improve customer satisfaction and NPS scores. Airties' holistic suite of hardware-agnostic software enables ISPs to manage home connectivity, based on leading industry standards and open-source software, across their fiber, cable/DSL, and fixed wireless access (FWA) deployments. Airties' customers include leading service providers such as AT&T, Cox, Deutsche Telekom, Telia, Telstra, T-Mobile US, Vodafone, and many others across the world. More information is available at Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. View original content to download multimedia: SOURCE Airties
